Renter demand in Austin remains strong, with annual absorption outpacing new deliveries for five straight quarters and running well above the market's long-run average.
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Occupancy climbed 100 basis points from a year earlier to 90.9%, its highest level since mid-2024, as the delivery wave continues to recede.
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Effective rents declined 2.0% year over year to $1,409, though the annual decline has narrowed to its smallest since early 2023 and rents are positioned to turn positive in 2027.
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MARKET OUTLOOK
Austin's rental market has turned an important corner after absorbing an exceptionally large supply wave. Annual demand has outpaced completions...
